What is the deadline for a Bumper Man franchisee to provide evidence of insurance renewal?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
er factors. Within 30 days prior to the expiration of any such policy, you will deliver to us evidence of renewal of such insurance in the form of certificates evidencing coverage. The insurance carrier must be rated A+ or better by A.M. Best Company and be authorized to transact business in the state where the Bumper Business premises is located. All policies must be primary and non-contributory to any other insurance that we have procured for ourselves and provide for 30 days' prior written notice to us of any material modification, cancellation, or expiration of such policy. Such endorsements must not contain language that limits the liability afforded to us to any amount less than stated on the declarations page of each policy. No insurance policy will contain a provision that in any way limits or reduces coverage for you in the event of a claim by us. Such insurance coverage will not include an insured versus insured exclusion or any exclusion that prevents coverage of a claim by one insured against another. All insurance coverage will include a separation of insureds provision. All insurance coverage will identify as an additional insured Bumper Man, Inc., 1432 Airport Blvd, Mesquite, TX, 75181. Required and recommended coverages include the following:
- Garage Liability Insurance policy with a minimum each occurrence policy limit of $1,000,000.
- Garage Keepers Insurance policy with a required limit per vehicle of $50,000.
- Commercial Vehicle Insurance policy with a combined single policy limit
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–18)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, a franchisee must provide evidence of insurance renewal to Bumper Man within 30 days prior to the expiration date of their current insurance policy. This evidence must be in the form of certificates evidencing coverage.
The insurance carrier must have an A+ rating or better from A.M. Best Company and be authorized to conduct business in the state where the Bumper Business operates. The policy must be primary and non-contributory to any other insurance Bumper Man has and provide 30 days' prior written notice to Bumper Man for any material changes, cancellation, or expiration. The policy should not limit Bumper Man's liability to less than the amount stated on the declarations page, and it must not limit or reduce coverage for the franchisee in the event of a claim by Bumper Man.
The required insurance coverages include a Garage Liability Insurance policy with a minimum $1,000,000 limit per occurrence, a Garage Keepers Insurance policy with a $50,000 limit per vehicle, and a Commercial Vehicle Insurance policy with a combined single limit of $500,000. Additionally, Bumper Man must be listed as an additional insured on all insurance coverage.